This is plain old common sense. Carried interest is a name hedge fund people came up with to substitute for performance bonus so they could create a tax loophole. All other bonuses are taxable, why not this ? It's extremely offensive that there is such a tax loophole for such a narrow special interest group. Pass this without a jobs program for all I care. We don't need to discuss GDP impact with every piece of legislation, but still I think the hedge fund folks are overstating any impact this would have.

4:33 pm September 12, 2011

Marshwinds wrote :

LOL!

6:21 pm September 12, 2011

alex wrote :

I keep hearing job creators do not rise taxes on job creators however the so call job creators been getting these tax breaks for almost 10 years and still no jobs what kind of idiot do they (job creators)think we are i say they should share in the tax bills like the rest of the hard working Americans moreover if you are a job creators less taxes for you.

6:32 pm September 12, 2011

Angry offshore worker wrote :

That's funny cause my company was taken over by a PE earlier this year. We posted a profit of 126 million and to date they have only been cutting employees hours, laying people off, and continuing to keep our benefit package in which the employee with family pays $800 a month for health care and has a 60/40. Platinum Equity is the equity firms name and International Offshore Services is company for those who don't believe me. Oh FYI, we only have about 350 employees left...

11:17 pm September 12, 2011

Anonymous wrote :

alex - its called a recession... Almost everyone is making less money, what do you propose? Have them make even less, lets see where that goes. 10 years? 10 years ago no one was complaining about jobs.

I do think its ridiculous the loopholes that exist, many corporations pay almost nothing. However you switch at the end do you want more or less taxes for employers..

1:24 pm September 13, 2011

Anonymous wrote :

Hello, Anon. Welcome to reality. Yes, indeed, "almost" everyone is making less. The ones who are escaping the downturn are the wealthy, including the PE guys. And, by the way, they are not employers or job creators. Their portfolio companies are the employers and their CUSTOMERS (that's you and me) are the job creators. Ultimately, consumers create jobs via aggregate demand. So, yes, a little more money in the pocket of consumers will increase demand and create jobs. The USA has so much wealth, it is unfathomable. Yet we rank with Mexico and the Phillipines in wealth disparity. Do you have any idea what it means for the wealthiest nation on earth to have terrible wealth disparity? It means that the rich are absolutely BATHING in cash. Huge corporate profits and huge layoffs to match. Just ask Angry Offshore Worker below. So a few more taxes at the top to give a boost to the struggling job seekers is well overdue.

1:26 pm September 13, 2011

Bruce Gretz wrote :

Hello, Anon. Welcome to reality. Yes, indeed, "almost" everyone is making less. The ones who are escaping the downturn are the wealthy, including the PE guys. And, by the way, they are not employers or job creators. Their portfolio companies are the employers and their CUSTOMERS (that's you and me) are the job creators. Ultimately, consumers create jobs via aggregate demand. So, yes, a little more money in the pocket of consumers will increase demand and create jobs. The USA has so much wealth, it is unfathomable. Yet we rank with Mexico and the Phillipines in wealth disparity. Do you have any idea what it means for the wealthiest nation on earth to have terrible wealth disparity? It means that the rich are absolutely BATHING in cash. Huge corporate profits and huge layoffs to match. Just ask Angry Offshore Worker below. So a few more taxes at the top to give a boost to the struggling job seekers is well overdue.

1:42 am January 21, 2012

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